• The selection for grant agreement preparation under EU "Innovation Fund 3rd call for Small Scale projects" recognises MyRemono's chemical plastic recycling technology NXRe PMMA as highly innovative, supporting its industrial scale-up
• The projecthas been evaluated based on five award criteria such as for greenhouse gases (GHG) emission avoidance potential, degree of innovation, project maturity, scalability, and cost efficiency

Rome, 15 January 2024 – MAIRE announces a new milestone for NEXTCHEM (Sustainable Technology Solutionsbusiness unit) : MyRemono, NextChem’s subsidiary dedicated to plastic depolymerization, has been pre-selected for the grant agreement preparation related to the "Innovation Fund 3rd call for Small Scale projects.

The Innovation Fund stands among the world’s largest funding programs for the deployment of innovative clean tech projects. The selected initiative is related to the industrial scale-up of MyRemono’s NXRe PMMA modular technology through the implementation of a first-of-its-kind plant with a processing capacity of up to approximately 5,000 tons per year.

This cutting-edge solution, jointly developed with Biorenova, is a plastic depolymerization technology which recovers monomers (building blocks for the plastic value chain) with ultra-high levels of purity from sorted plastic waste, particularly polymethylmethacrylate (PMMA) through a continuous chemical recycling process. The project intends to increase the recycling rate of PMMA waste and scraps within the EU and reduce dependence on fossil raw materials for the production of these intermediates, embracing a fully circular model.

Among 72 applications to EU Innovation Fund, 17 small-scale projects have been selected for the grant agreement preparation, encompassing a wide range of energy and industrial sectors. MyRemono’s application is the only Italian selected project related to the chemical sector. The grant agreement is expected to be finalized in the second quarter of 2024. Furthermore, MyRemono’s lab-scale and semi-industrial facilities revamping is ongoing. Once completed, the new pilot facilities will allow the expansion of R&D activities relevant to chemical depolymerization of other value-added plastics.

Alessandro Bernini, MAIRE CEO, commented: “After the acquisition of NXRe PMMA technology, this recognition confirms NextChem’s strategic vision and competences in innovative technology development and industrialization, in particular in the chemical plastic recycling segment.”